Majority of UK adults support raising IHT threshold above £325,000

Attitudes not swayed by current economic situation, experts say

Julia Bahr
clock • 3 min read

There is little support for the government bolstering tax take from inheritance tax (IHT) despite the current pressure on public finances, according to a recent YouGov poll commissioned by law firm Kinglsey Napley.

Some 63% of respondents supported the idea of the government raising the £325,000 threshold at which the estate of the deceased is required to pay IHT. According to the poll, 48% backed the idea of abolishing IHT completely, while 16% said increasing the current 40% IHT rate was a good potential step. In light of Chancellor Jeremy Hunt's comments that there were difficult decisions ahead on tax and spending to rebalance the UK economy, YouGov surveyed 1,700 UK adults on 20 and 21 October. They were asked to seek their views on potential IHT rule changes. Kinglsey Napley partner and he...

To continue reading this article...

Join Professional Adviser

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Members-only access to the editor’s weekly Friday commentary
 Be the first to hear about our events and awards programmes.



Already a Professional Adviser member?


More on Tax planning

IHT tax take on course for record-breaking year as receipts rise again

IHT tax take on course for record-breaking year as receipts rise again

Treasury collected £133m per week in IHT tax so far this year

Jenna Brown
clock 21 September 2023 • 4 min read
Richard Burgess is a director with Moore Kingston Smith

Why grandparents can be 'trusted' with school fees

What advisers need to know about discretionary trusts and IHT

Richard Burgess
clock 20 September 2023 • 4 min read
Insurance is an 'underutilised tool' against inheritance tax

Insurance is an 'underutilised tool' against inheritance tax

Insurance could be used as the government closes other loopholes

Isabel Baxter
clock 14 August 2023 • 1 min read